Safety Controls IPO Lists at ₹83 on BSE SME Despite Weak Retail Demand

Safety Controls and Devices made its market debut today on the BSE SME platform, listing at a premium. 00.50% to the allottees from the issue price.

Subscription Trends and Investor Participation

The ₹48 crore initial public offering (IPO) was open for subscription from April 6 to April 8.28 times. 45 times subscription. 76 times the shares reserved for this category.

Utilization of IPO Proceeds

The public issue comprised a fresh issuance of 60 lakh equity shares with a face value of ₹10 each. The company has outlined a specific roadmap for the ₹48 crore raised through this process. 50 crore has been earmarked to meet working capital requirements. The remaining funds are designated for general corporate purposes and to cover the expenses related to the public issue.

Core Business Operations and Client Base

Established in June 2015, Safety Controls and Devices operates as an Engineering, Procurement, and Construction (EPC) specialist. The company focuses on infrastructure projects including sub-stations, solar power plants, firefighting equipment installations, and hospital infrastructure. Currently managing 19 sub-stations, the firm is also expanding its footprint into utility-scale solar projects and electric vehicle (EV) charging stations. Its primary clientele consists of government entities and various public sector undertakings.

Financial Performance Overview

The company has demonstrated a growth trajectory in its financial metrics over the past few years, while 99 crore in FY2025.50 crore. 52 crore. 64 crore.